Reply #38: Refco (derivatives trader) shares halted, day after huge drop [View All]

[UpInArms]

http://today.reuters.com/investing/financeArticle.aspx?type=governmentFilingsNews&storyID=URI:urn:newsml:reuters.com:20051011:MTFH54625_2005-10-11_12-50-33_N11451592:1

NEW YORK, Oct 11 (Reuters) - Trading in Refco Inc. (RFX.N: Quote, Profile, Research) shares was halted for pending news on Tuesday, one day after the futures and commodities broker put its chief executive on leave and said its quarterly financial filing with regulators would be delayed.

Refco shares, which fell 45 percent in New York Stock Exchange trading on Monday, were up 6 percent in premarket trading on Tuesday before the halt.

A company representative did not immediately return a call for comment.

Refco said on Monday it had launched an investigation into $430 million it was owed by an entity its CEO had controlled.

The company, which went public in August, is one of the world's largest and most powerful commodities and futures dealers.

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